You can also designate (on line 5) a third party to receive the information. That put me at $. In my recent App-o-rama I applied for 8 credit cards and received 7 right away, including the Citi Aadvantage Visa. As for 4506-C, totally up to you. She makes over 150k a year off tips from bartending in the city but her actual salary is tiny in comparison. Carefully read and understand the instructions provided with the form to ensure accurate completion. No. The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. Discover 4506-T. @Obscure-Expert wrote: It's a simple process. We would like to show you a description here but the site won’t allow us. 4506-T is for IRS transcripts and won't help Discover much when they need to really be asking for a SSA-89 which verifies your SSN throught he SSA and not he IRS. Received an email from Disco asking me to sign consent for IRS 4506-C form. The document must be signed and dated in ink or digital e-certified electronic signature (digitized version of your handwritten signature). 4506-C (June 2019) Department of the Treasury - Internal Revenue Service. So was recently approved for a Discover It and today discover is asking for the last 2 years of my taxes. Compare income documents and information (e. SBA may send an inspector to estimate the cost of your damage once you have submitted your loan application. For IVES we are requesting use of an electronic signature. Greetings everyone! I'm 18 and I have a credit card with Discover. As for 4506-C, totally up to you. Thanks for expanding on that and the update @GApeachy You're correct, the OP had a 4506-T instance with Discover and they had questions about applying for the JetBlue card about a year or so ago. What do you mean "just let it ride"? If you don't provide the info they're requesting, t. I woke up this morning and seen this request 4506-C request. If they don’t, still got your answer 😀. Most lenders use the form to verify the self-reported income portion of your application to your tax return. Use Form 4506-T to request tax return information. #discoverunder5k Card is Checking Proof of Income #tonydtkhill #form 4506-cThis is about Discover Card is Checking Proof of Income. Equifax was their partner in this to verify pay information. . After that, they denied my requests more than 15 times :smileylol: A couple of Sundays ago, I went for it again just for S&G expecting another denial. Probably not worth the hassle of seeing if Discover will accept a foreign notarization!) 5. In September Discover sent me an email requesting 2 years of tax returns via a form 4506-c. completed and signed IRS Form 4506-C. SCEflyer. If we do not receive the IRS Consent form 4506-T as requested, your account will be closed. My Experian Fico 8 is 590. It’s not an option but a requirement for most programs. The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. A. The expected result is a significantly faster income verification process. What no one knows yet is what triggers it but it is not your address. Unlike the federal tax credit or manufacturer EV rebates, the CVRP is an after-purchase discount that's available to those who meet certain eligibility criteria. Don't ask me how that happened. Initially, the original 4506 could take up to 60-days for the lender to. 4506-C Again. Financial data remains fully visible to allow for tax preparation, tax representation, or. The article explains why Am. Once signed, you are giving them permission to retrieve copies of your tax returns. . I’m NOT giving Discover access to my personal finance/tax documents. What kind of income did you report on your application?The form 4506 is used by lenders to find out if at all a borrower is committing fraud. The new 4506-C will permit the cleared and vetted IVES clients to request tax return information on the behalf of the authorizing taxpayer. Yesterday i get an email from equifax verification services stating that DFS is requesting a FORM 4506-T to verify the income i out. The Department again referenced Form 4506-C in its 30-Day Notice on December. If name changed, should sign current name and former name. . Related forms. Yesterday i get an email from equifax verification services stating that DFS is requesting a FORM 4506-T to verify the income i out on the application, i called and told them this doesnt make sense at all since they are requesting my last 2 tax return 2017/2018, which are going to be way off from the income i stated on the app because the. Little extra effort to keep it going!American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income. That put me at $. Data points on Discover are all over the place. While it is a bit odd the title company is asking (and not the lender), it's probable that they audited the paperwork and found it missing. I told the lady that my income on my 2022 tax return was way different than what I was making now and it wouldn’t match my application. There are currently five requirements of the E-Sign law which we propose to implement: The signature must be under the sole control of the individual. Discover requesting 4506-C. The strange thing is that I've. Discover 4506-t. Started at $200, increased to $1500. Fast, electronic processing of Form 4506-C. 04. Partnerships. 5k. Have had them for 10+ years. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income. MAJOR Discover Change - NIGHTMARE ! So, applied for Discover 1 month ago -- after sending in the ridiculous 4506-T form via email, I waited three more weeks to "verify my idenidty" via this form. Re: Discovery it card application requestin Irs Form 4506-T. Fannie Mae customers! Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 4506-C (Rev. My initial instinct was this could be related to how Discover chooses to navigate Ability to Pay rules - i. Do not sign this form unless all applicable lines have been completed. Ive had my Discover for about 5 years. I was just recently approved for my $200 secured card from Discover on the 19th and the deposit was taken out on the 26th. You usually can instead get your hands on a tax. Why is discover asking for 4506-c? It allows the financial institution or credit issuer to look into your IRS tax returns. As far as income, different states treat "household" income differently, having said that, as long as it is income available to yo. Fannie Mae requires lenders to include the requirement to submit the IRS Form 4506-C to the IRS (or designee) in their written QC plan. Signatures are required for any taxpayer listed. Securely download your document with other editable templates, any time, with PDFfiller. For example, it is necessary to complete two IRS Form 4506-Cs for a self-employed borrower whose income documentation includes both two years of personal tax returns and two. $500 secued card???? Gotta be a screw up unless you accidently put down $450. However, my total available credit is about to take a hit from $49,000 to 29,500. A couple of Sundays ago, I went for it again just for S&G expecting another denial. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. " Discover is demanding IRS Consent Form 4506-C. 4506-t form pdf 4506-t form sba irs 4506-t form online 4506-c form form 4506 how to fill out form 4506-t irs form 4506-t verification of non-filing irs transcript phone number. OMB Number 1545-1872. Simplify Income Analysis: All tax transcripts include a summary coversheet that highlights and calculates key income verification line. We have jumped through many hoops attempting to obtain the transcript from the IRS. Re: Discover $7k CLI --> Then 4506-C. Two CLI, currently sitting around $7k. Complete the form. Your lender may ask you to provide the tax return information, and you have to send the form to the. Line 2a: Enter your spouse’s name if you filed a joint return. Signature: The Primary Taxpayer and/or Spouse (if joint return) MUST sign the form. Cannot remember when I was asked to update my income - few to sever. That is why during closing lenders ask borrowers to sign a 4506 form. December 14, 2021. Why is discover asking for a 4506-C? Why would a credit card company request a 4506-C? How long does it take to get a 4506-C back from the IRS?. Add the date. I have no debt (paid off all baddies) and currently have a $1000 limit Open Sky S. The IRS provides return transcript, W-2 transcript, and 1099 transcript information generally within approximately 2-3 business. Log in to the editor with your credentials or click Create free account to test the tool’s features. To those that receive a 4506-C from Discover. Incorrect form version. Today I went to make a purchase and my card was declined. The thing is that the IRS is very sensitive. ó. A 4506-T form does not verify your address. On Oct. Good luck all. Sometimes, Discover would instead ask for 3 bank statements to show that you are good for it when it comes to having money to pay off the card. Hi All! I called the SBA yesterday and spoke to a CSR. I have always liked the LUV button lol. If the signed IRS Form 4506-C was the correct form version at the time it was signed by the borrower and subsequently the Seller’s QC is unable to use the form to obtain tax information from the IRS as required in Guide Section 3402. Are you saying they took your security deposit and then asked you for a 4506-T? If so that is complete BS. On Oct. . During the pandemic, Discover also linked up with the Social Security Administration to verify SSN’s. That's fine, I'm pretty sure I'm not doing anything illegal here, however they want information from my 2017 and 2018 tax returns, which I never filed. Loans Explore the nuances of the different types of loans, including personal and student loans, and the potential pros and cons of co-signing a loan. The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. Probably not worth the hassle of seeing if Discover will accept a foreign notarization!)Once Discover has received and processed the IRS information, you will be contacted in writing to advise that the review of your account is completed. 1. 3% less than its original list price of 1150000. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your. “Form 4506-C was created to be utilized by authorized Income Verification Express Service (IVES) Participants to order Tax Transcript records electronically for a third party. Hold placed on my account until I give consent. The IRS Form 4506-T lets us ask the IRS for copies of your tax returns, W-2, and 1099 forms. Goodbye Discover. ” - Benjamin Franklin "I gave what was the least untruthful answer" - James Clapper, previous US Director National Intelligence, explaining why he. : 5000-844866. Lenders have been using some version of the IRS Form 4506 since its implementation in 1988. OMB Number 1545-1872. Financial Information Verification via IRS Form 4506-C The procedures in SOP 50 10 6, Part 2, Section A, Paragraph B. ; Select Request for Copy of Tax Return (4506). All forms are printable and downloadable. You can check your Discover card application status online or over the phone: (800) 347-3085. "The California Clean Vehicle Rebate Project, or CVRP, is a popular California EV rebate that can save buyers money on an EV, plug-in hybrid, or hydrogen fuel cell car. If you're a lender, bank or other third party, you can participate in IVES if you complete the application. So, creditworthiness aside, this risk mitigation process is outlined in their Annual Reports to the public and investors in the Risk section 🤷♂️There are several reasons why someone might need to submit Form 4506-C. and what I have 'learned' from also asking questions about this. Send us paperwork. I recently applied and was initially approved for a discover it card. (For additional information on completing Form 4506-C, go to Getting Started – Using IVES. I called and told them I got a significant raise this year and it wouldn't match my income from my returns. 4506-C (Rev. ) Note: An alternate form or process is also acceptable if it authorizes the. And reports suggest it is a Discover issue, just google "Discover IRS 4506" and there's plenty posts on reddit and elsewhere. The IRS Form 4506: Then and Now. Regarding the effect on your credit, if the account is closed by you or Discover Card, you can submit an explanation to the credit reporting agencies regarding the closure. 4k I have a $0 balance and always PIF My other posts will show I started making credit moves in the last month, so that may be what prompted the request. IVES Request for Transcript of Tax Return. In fact, beginning in Summer 2019, Discover started sending out an IRS Consent Form 4506-T to people who requested new credit products, credit limit increases, unusual purchase activity, and high credit limits. You still give permission for the returns, but they. . Sadly, Discover still closed their card and never gave OP the option to show any kind of proof. Some other card issues also no verify with the SSA. However now I cannot activate my card until I sign this. They define households as people who share expenses and live together, and who are on the same lease. • Form 4506-C must be signed and dated by the taxpayer listed on line 1a and, if listed, 2a. It’s important to note that Form 4506T-EZ includes most lines from the requested tax return but not all lines. Only one (1) product can be on Line 6. Hello all, for the past year I have built my credit from a 502 to a 707 (Credit Karma Score) using a Wellsfargo Secured Card (300 CL), Credit One Platinum (450 CL), and a Gamestop Retail Card (250 CL). Asking because I included DW's income when I app'd and got approved, but we file separately. ~Never unsecured. I decide that I didn't want to waste a HP and I didn't inflate my income, so I signed the 4506-C. ago. For more information about Form 4506-C. . Funny story. . Thank you very much. ” (84 FR 35709 [2019]) Written comments on the new form were required to be received by the IRS on or before September 23, 2019. Discover $7k CLI --> Then 4506-C. When I open it, it's really a form 4506-T, which is normally a tax transcript from IRS for income verification. My other posts will show I started making credit moves in the last month, so that may be what prompted the request. Amex asking for 4506-C When applying for amex platinum. Discover requested 2 years of tax returns using Equifax as a partner via 4506-c form for a $500 limit SECURED credit card. Ask the underwriter for the status of your credit limit increase, not mentioning the 4506-C request. The thing that really doesn't make sense is all these 4506_T requests on SECURED cards! There's also a bewildering randomness to these requests as well. Below are the questions we received most often and the answers to those questions. , you should be able to have the form notarized in whatever state you're currently traveling in. Ask Poli AskPoli. IVES Request for Transcript of Tax Return. Hello – Does Citi generally make a lot of requests for 4506-T when requesting a CLI? Wells Fargo did earlier this year for me (but changed their mind for some reason), and AmEx did when I applied recently -- but that was expected because of my history with them. 4k. Assuming you're still somewhere in the U. Wow!Major Changes to the Next 4506-C Form. The builders lender is asking for a 4506-c from me as part of my disclosures, I guess I've gotten to that point in time where I don't really feel comfortable releasing all of my tax info lol, does anyone know if that's standard practice across all banks or if that's just their personal choice (DHI mortgage). Seems like its always Discover that does that for secured cards mostly. It must be filled by the taxpayer and sent to the IRS. Billing questions 1. When I open it, it's really a form 4506-T, which is normally a tax transcript from IRS for income verification. Morning, 13th statement closed a couple days ago. "Why is my credit card asking for a 4506-C? It allows the financial institution or credit issuer to look into your IRS tax returns. Some lenders may submit the Form 4506-C to the IRS to document borrower income, but the intent ofDear Customer, The Income Verification Express Service (IVES) program is used by mortgage lenders and others within the financial community to confirm the income of a borrower during the processing of a loan application. Now that you know why your bank wants this information, you’re probably wondering whether or not you have to give it to them. TU:837 09/19/23 Bank of America--EX: 841 09/20/23 Experian--EQ:832 09/21/23 myFICO--Gardening since N/A. I was approved for the Secured Discover and i put $500 down for it, they got the money and opened the account, havent received card yet even though sais it on the way. Fannie Mae requires lenders to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at or. Happened to me, regular reconsideration or increase asked me for the same documents they requested on September that the congressional inquiry. A 4506-T form does not verify your address. Examples include current or reasonably expected salary, wages, bonus pay, tips, commissions, internships, living expenses, scholarships or grants, and income from. ”. Received 4506-C email request. Should you have any questions, or any information on your 4506-T is incorrect, please contact Discover at 1-800-203-4969 before submitting. Reputation: Discover has a great reputation as one of the largest lending institutions in the country. Typically though they will only accept IRS tax transcripts. A 4506-T is often a requirement for loans to comply with Fannie Mae/Freddie Mac rules, meaning they can be sold to these major purchasers of mortgages only with the required form. State or local information is not included with the Form W-2 information. The tax transcript contains information from a variety of. I called and told them I got a significant raise this year and it wouldn't match my income from my returns. Its official. Immediately called to close the card. About 8 or 9 days have passed by and I get an email one morning with Equifax Verification Services at the top asking me to put my signature on an IRS consent for. One never knows when Discover could ask for this form. A 4506-C is used through an authorized third party participant in the IRS Income Verification Express Service (IVES). 1, the Internal Revenue Service implemented an automated process for accepting 4506-C transcript request forms. They asked for a 4506-T. in Spain. A transcript displays your tax information specific to the type of tax transcript you request. The Form 4506-C is a document used by the Internal Revenue Service (IRS) to request a copy of a taxpayer’s tax transcript. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. coolnachoswguac. Fast, electronic processing of Form 4506-C. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. 5k. (2) Permissible inquiries. Hi everybody my little brother turned 18 on august 30 i advised him to start with secured card from discover so he did apply and got approved he is jus turned 18 and he started working couple month ago at subway making approximately 1800 a month and he is full time college student to so he received email to sign form 4506 t we tried to explain discover. You can even start the process online! 2. Because of data thefts outside the tax system, cybercriminals often attempt to impersonate taxpayers and tax professionals. Transcript delivery in hours. I believe Discover is one that uses personal income not household. 11-2021 Page Section references are to the Internal Revenue Code unless otherwise noted. No. This permission goes as far back as 2 years usually. Hold placed on my account until I give consent. The expected result is a significantly faster income verification process. IMHO, call the AMEX backdoor number, can be found on myFICO forums/ DoC. Re: Random Discover 4506-C Request. This differs from Form 4506-T, which provides a line-by-line report of the tax transcript. I'd been asking for CLIs for several months, probably over a year and always denied. These are often used to cross-reference with your tax return to verify your income information. Question about lenders obtaining tax transcripts. Very frustrating. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. 4506 c form pdf Form 4506C (June 2019 D R A FT Department of the Treasury Internal Revenue Services Request for Transcript of Tax Return OMB Number 1545Do not sign this irs form 4506 c Cat. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. As u/soosyq notes, the main purpose of the 4506-C isn't to verify your identity, but rather to verify your income based on your federal tax records. These updates to IVES are in response to the Taxpayer First Act. OMB Number 1545-1872. Form 4506, Request for Copy of Tax Return, takes longer and costs $50 per return. Received a phone call this morning followed by an email from Equifax requesting my. There's a reason why its a secured app and secondly. Most don't seem to mind, I would close the card. . S. Most lenders use the form to verify the self-reported income portion of your application to your tax return. I have 2 cards from them they never asked for anything. They finally gave me a rather large increase from $21. What is a Form 4506-C? Form 4506-C is an Internal Revenue Service (IRS) document that is used to retrieve past tax returns, W-2, and 1099 transcripts that are on file with the IRS. I got a request from Discover to consent to a 4506-C form or they would close my account in 5 days. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. Future Developments For the latest What Lenders Need to Know About the New IRS 4506-C Form Process. Well, Discover requested 4506-C from IRS. 4506-C (9-2020) Form . I was advised not to worry about any income discepancies, as they wre just using the form for ID purposes. I applied for a Discover It Secured about 6 months ago, the second day after making my deposit of 200$ I had a request for 4506-T form in my inbox through Equifax, given Equifax amazing track record with security I declined to provide that info to discover, apped for a Chase Boundless and was instantly approved for 5k. (Forms 4506-T and 4506T-EZ are used by taxpayers to request a transcript of tax return. So when they ask for something and someone else received it and uploaded it to wherever file they put them another department will ask for it again until it’s uploaded to where they really want it. If you have any questions, our Customer Service Team is available 24/7 to assist at 1-800-347-2683. Most lenders use the form to verify the self-reported income portion of your application to your tax return. by darkweiss26. IRS 4506-C Request. I was approved a little over a month ago for the Discover It Cash Back card. During the pandemic, Discover also linked up with the Social Security. This form will be a request for a tax return transcript. When Amex requested my tax transcript several years ago, it was when my credit line was requested to exceed $35,000. Most recent CLI about 6-7 months ago. 4506-C or 8821 for 7(a) and 504 Loans CONTROL NO. My initial instinct was this could be related to how Discover chooses to navigate Ability to Pay rules - i. FTC's website on credit. Partnerships. 2. Automated methods for obtaining tax transcripts being unavailable. Form 4506: A tax form distributed by the Internal Revenue Service (IRS) and used to a request a copy of a previously filed tax return. Your lender may ask you to provide the tax return information, and you have to send the form to the IRS. IRS Form 4506-C can be used to obtain transcripts for up to four years or tax periods but only one tax form number can be requested per each IRS Form 4506-C. A little bit of background: 32 yea. ( frankieleon) Evan writes that he recently got married, and the newlyweds make more money than they did at this. You should receive a separate communication from Discover. My credit score is 730+ and I figured I would get approved instantly. When I asked an agent questions about the application, I was. Is there a way that I can get approved (e. At this time, a temporary hold is being placed on your Discover Card. The OP also had questions about the $1K SL on their approved Delta Gold AmEx, IIRC. I cannot say I've ever seen income verification for secured card. Fannie Mae requires lenders to include the requirement to submit the IRS Form 4506-C to the IRS (or designee) in their written QC plan. On March 9, 2022, SBA issued . OMB Number 1545-1872. In short, Form 4506-C is also known as Request for Transcript of Tax Return. When tax return transcripts must be requested from the IRS Fannie Mae’s requirements for obtaining a signed Form 4506-C from the borrower at or before closing, and submitting the signed Form 4506-C to the IRS to obtain tax return transcripts in post-closing QC, have some exceptions. Try Now!about obtaining a signed Form 4506-C from the borrower. Quick steps to complete and e-sign Form 4506 c online: Use Get Form or simply click on the template preview to open it in the editor. IVES Request for Transcript of Tax Return. 4506-C (9-2020) Form . 15. Previously, IRS Form 4506-T was used for this purpose; however, effective May 1, 2021, only Form 4506-C will be accepted through IVES to provide tax transcripts to third parties. Why did we go to this pay system? Discover Card requesting Income Verification Form (IRS consent form 4506-C) what happens next? I recently submitted an Income Verification Form 4506-C that Discover requested after one(1) 3-day late payment on my account which is now over 2 years old but has a high utilization rate ($5900 of my $6000 limit). Discover was not actively used in my wallet in the past year, because of overlapping its 5%. sign the 4506-C MUST be checked in order for the 4506-C form to be accepted by the IRS. Although lenders. $234,900 Last Sold Price. I have a $0 balance and always PIF. This permission goes as far back as 2 years usually. Discover asking me for 4506-C form. 4506-C (September 2020) Department of the Treasury - Internal Revenue Service. 3. Re: Random Discover 4506-C Request Unfortunately, I haven't been up to date with Discover's known rule about acct closure with respect to not providing tax info. If you have further questions after reviewing this information. Try Capital One. Nearby homes similar to 4506 Dartmouth Dr have recently sold between $90K to $270K at an average of $125 per square foot. I recently went through this tax return junk with buying a newish car, put 40% down, and didn't want to pay in full because money was still cheap and the market was doing too good use those funds for buying a depreciating asset. Why is discover asking for a 4506-C? It allows the financial institution or credit issuer to look into your IRS tax returns. ” (84 FR 35709 [2019]) Written comments on the new form were required to be received by the IRS on or before September 23, 2019. If Discover has an issue with your address they will not send you a card until you provide proof of address. Nothing he says is meant to be taken serious, This channel is for entertainment purpose. ) Note: An alternate form or process is also acceptable if it authorizes the. A lot of people get their account closed with Discover even after they agreed to submit it. Never late, never over the limit, moderate usage etc. 4506-C (Rev. That’s good news for lenders, but the new process. have to complete Form 4506-A to get copies of the following forms. Fine, whatever. They just requested 4506-C from the IRS for income verification. . Two items were changed from the previously published draft. I experienced this just yesterday. Chase Saphire (denied) Capital One Cash (approved $500CL) Amex Blue & Green (Cancelled)The logistics behind IV on 44 million (even when adjusted for those with two cards) is mind numbing, and logistically impossible. . The 4506 - T form says: “The IRS. S. Message 29 of 39 0. Discover card is Asking. READ THIS. Most lenders use the form to verify the self-reported income portion of your application to your tax return. Start completing the fillable fields and carefully type in required information. The problem is I’ve made basically no money the past 2-3 years but this year my income is significantly higher. But there’s no guarantee when, or if, it will happen. Discover definitely needs to be called out on this. Whatever you put must match exactly what is on your tax return. And reports suggest it is a Discover issue, just google "Discover IRS 4506" and there's plenty posts on reddit and elsewhere. Do not sign this form unless all applicable lines have been completed. It allows the financial institution or credit issuer to look into your IRS tax returns. Future Developments For the latestHaving a discover card is very risky now-a-days to those who couldn't prove their income for credit limit that have. its secured!!! 🤣 Why approve then have applicant jump through hoops? This would be way more appropriate on a large unsecured CL than a $200 limit. (Forms 4506-T and 4506T-EZ are used by taxpayers to request a transcript of tax return. Effective March 1, 2021, only the new IRS Form 4506-C will be accepted through the Income Verification Express Service (IVES) to provide tax transcripts to third parties. January 18, 2022 -- NCS have deployed the new IRS requirements. Discover asking me for 4506-C form Greetings everyone! I'm 18 and I have a credit card with Discover. i know when i took unsecured loans in the past they wanted paystubs and utility bills. 000. 4506-C (Rev. Form 4506 is useful if you need a copy of your tax return from more than three years ago. I just went through this with Discover. So back on October 1st 2021 i apply for Gold amex card with a credit score of 674/690/704 (EX_704) and 12 inquiry EX and Transunion and EQ was 14. Its extremely scary if income couldn't be verified. ” – (BOLD MINE) Received an email from Disco asking me to sign consent for IRS 4506-C form. As to manage risk, some issuers request income verification, and if you search this sub you’ll see others with similar experiences and/or people that received requests to submit the IRS 4506-T/C tax forms to allow sharing of ones tax returns. ) Sometimes going after a 2nd Disco card has triggered this, and they seem to ask randomly on new apps as well. On April 8th I was approved for a $12k credit limit. SOLD JUN 1, 2023. I asked him if they had received my tax transcript yet and his response was, "We don't have your tax transcript on file but we will request it if we need to which is why we are requiring everyone to sign form 4506. .